Tiger Brokers

Movement Alert｜Snowflake Rises 3.26% in Regular Trading, Security Investigation Clearing Platform Compromise Concerns

Market Focus
Oct 08

On October 8, Snowflake rose 3.26% in regular trading, trading at $343.70 per share, with turnover of $465 million.

The company announced that its investigation into the suspected hacking incident involving ASOS customers found no compromise of its platform, easing security concerns that had pressured the stock in the previous session. The investigation results helped offset lingering dilution worries following Snowflake's completion of a $3.75 billion zero-coupon convertible senior notes private placement, as well as recent disclosures of insider selling plans.

Analysts' average price target of $438.10 continued to provide support for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10